CO129-331 - Public Offices - 1905 — Page 635

10.000>

5,822.

(00,000

,500,000

100,000

(₤116,178)

628

-hundred-and-sixteen-thousand, one hundred and seventy

eight peinds), for working capital 49ne hundred thouüe,

and pounds) and for a margin (thirty-three Thousand-

Caight hundred and twenty-two pounds).

As this is the case the Governor does not under-

stand why the further large sum of Rive hindred thous-

and pounds should be added for "more margin".

3ir M. Nathan is of opinion that very little risk

would be run by inserting in Article 1 of the loan

Agreement a sum of Ona million five hundred thousand

pounds as the maximum amount of the loan and by provid-

ing for its issue in three instalments of not more

than Five hundred thoug each,

I am to request that you will bring Sir M. Nath-

an's views with which, Sir E. Grey is informed, the

Secretary of State for the Colonies concurs, to the

notice of the Corporation.

Sir E. Grey understands that the Corporation are

prepared to make a reduction in the amount of the loan

on certain conditions and are in communication with

the